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Meta Reports Second Quarter 2026 Results

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Post by mfiguiere » Wed, Jul 29, 2026, 8:03 PM UTC

Re: Meta Reports Second Quarter 2026 Results

Post by [deleted] » Wed, Jul 29, 2026, 8:25 PM UTC

[deleted]

Post by 650 » Wed, Jul 29, 2026, 8:57 PM UTC

Stock is down quite a bit after hours. I think Meta still has a strong hold on the online advertising market, but growth from here is hard.

Noteworthy stats: EPS $6.18, missing the consensus expectation of roughly $7.14 due to heavy costs.

One-Time Charges: Impacted by a $2.4 billion charge for legal proceedings and $1.18 billion in severance from recent workforce reductions.

It's now down 16% over the past 12 months, and the stock is now the same price as Dec 2024